Methuen Memorial Music Hall Inc

Analysis

Methuen Memorial Music Hall Inc is a registered charity in United States, based in Methuen, MA. It received its IRS tax-exemption ruling in November 1949, 77 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Methuen Memorial Music Hall Inc reported income of $337k and spending of $202k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $124k to $337k (+172%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 1281%. Over the whole period it spent 36% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Methuen Memorial Music Hall Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Mutual Dance Theatre and Arts Centers ($337k), Riverton Steamboat Landing Foundation a New Jersey Nonprofit ($337k) and Aitken Bible Historical Foundation ($337k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 37% of the total. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m. It reported 1 employees.